Citigroup Inc. Has $521,000 Position in Apollo Medical Holdings, Inc. (NASDAQ:AMEH)

Citigroup Inc. reduced its stake in Apollo Medical Holdings, Inc. (NASDAQ:AMEHFree Report) by 44.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,875 shares of the company’s stock after selling 13,444 shares during the period. Citigroup Inc.’s holdings in Apollo Medical were worth $521,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of AMEH. JPMorgan Chase & Co. boosted its position in shares of Apollo Medical by 21.0% in the first quarter. JPMorgan Chase & Co. now owns 53,559 shares of the company’s stock valued at $2,596,000 after acquiring an additional 9,293 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Apollo Medical by 49.9% in the first quarter. PNC Financial Services Group Inc. now owns 1,563 shares of the company’s stock valued at $75,000 after acquiring an additional 520 shares during the period. MetLife Investment Management LLC boosted its position in shares of Apollo Medical by 53.6% in the first quarter. MetLife Investment Management LLC now owns 20,211 shares of the company’s stock valued at $980,000 after acquiring an additional 7,056 shares during the period. Rhumbline Advisers lifted its position in Apollo Medical by 7.5% during the first quarter. Rhumbline Advisers now owns 92,806 shares of the company’s stock worth $4,498,000 after purchasing an additional 6,484 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Apollo Medical by 14.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,564 shares of the company’s stock worth $1,578,000 after purchasing an additional 4,015 shares during the period. Institutional investors own 35.88% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on AMEH. Stifel Nicolaus began coverage on Apollo Medical in a research note on Wednesday, January 24th. They set a “buy” rating and a $45.00 target price for the company. Jefferies Financial Group initiated coverage on Apollo Medical in a research note on Monday, February 26th. They issued a “buy” rating and a $50.00 price objective for the company. Truist Financial initiated coverage on Apollo Medical in a research note on Friday, December 22nd. They issued a “hold” rating and a $41.00 price objective for the company. Finally, Bank of America raised Apollo Medical from a “neutral” rating to a “buy” rating and upped their price objective for the company from $44.00 to $55.00 in a research note on Thursday, February 22nd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Apollo Medical presently has an average rating of “Moderate Buy” and a consensus price target of $47.20.

Read Our Latest Report on Apollo Medical

Apollo Medical Stock Performance

NASDAQ:AMEH opened at $40.82 on Friday. The company has a market capitalization of $2.38 billion, a PE ratio of 40.82, a P/E/G ratio of 1.15 and a beta of 1.04. The company has a 50 day simple moving average of $38.16 and a two-hundred day simple moving average of $35.09. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.35 and a current ratio of 2.35. Apollo Medical Holdings, Inc. has a fifty-two week low of $28.86 and a fifty-two week high of $43.12.

About Apollo Medical

(Free Report)

Apollo Medical Holdings, Inc, a physician-centric technology-powered healthcare company, provides medical care services in the United States. The company is leveraging its proprietary population health management and healthcare delivery platform, operates an integrated, value-based healthcare model which empowers the providers in its network to deliver care to its patients.

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Institutional Ownership by Quarter for Apollo Medical (NASDAQ:AMEH)

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